China amends rules for overseas investors
January 03, 2008
Jan 03, 2008 -- /prbuzz/ --Overseas investors will be allowed to take stakes in Chinese securities houses after the government relaxed regulations.

The ban on investment has been in place since 2006 when the country's domestic share markets entered a period of boom.

However, under the new rules securities houses will be permitted to take a stake of up to 25 per cent in any one firm.

Meanwhile, single investors will have their maximum stakeholding capped at 20 per cent, the Australian reports.

The regulations also stipulate that firms in which overseas parties invest must have a Chinese owner, who must in turn hold at least 33 per cent of the company.

News of the relaxing of investment rules for security houses comes after the Chinese government last year allowed foreign banks to set up subsidiary divisions to serve Chinese consumers.

The banks are, however, subject to stringent conditions which cover transferring huge sums of capital.

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About the Press Release
London, Wednesday, January 02, 2008 -- ARANCA NEWSTRACK – (aranca)


 
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